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came with the election. currently my newsletter on november 19 went positive on the market, but i still think next year will be quite a rough year. liz: 20% haircut, that is rough, what would be the catalyst for that? >> lower earnings would be the culprit. liz: your cautious move into 2013, yet you're ready to put money to work. what areas should investors be looking at to dodge any kind of real danger in their portfolio? >> you talk about apple earlier in the segment. what is happening in the broader consumer space, what has been happening for the last several weeks is moving forward into 2013, a theme we have told clients about, this is rotation away from the consumer space and into some of the other sectors that have been lagging not only for the last few months but the last one or two years. apple really isn't the only culprit, although i know it moves a large percentage of the market. liz: home-building and financials. we had a pretty graphic if we can put up so people can get a sense, why those three?
came with the election. currently my newsletter on november 19 went positive on the market, but i still think next year will be quite a rough year. liz: 20% haircut, that is rough, what would be the catalyst for that? >> lower earnings would be the culprit. liz: your cautious move into 2013, yet you're ready to put money to work. what areas should investors be looking at to dodge any kind of real danger in their portfolio? >> you talk about apple earlier in the segment. what is...
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. >> reporter: speaker boehner's visit today with the president was only the second time since the election the two have meat face to face. pu publicly each have been waiting for the other to blinging m. >> to say they're go along with that and then we'll start negotiating on the other side. it makes no sense for us to negotiate against ourselves. >> reporter: as the cliff looms, one influential voice says enough is enough. >> that's like betting your country. that's something terribly bizarre and juvenile about that as to think your party comes ahead of your country. i don't go for that at all. >> reporter: now lester, aides do say the lines of community are open, but the president heads to the detroit tomorrow to continue on that campaign to get the republicans to cave on the tax breaks. >>> john harwood is cnbc's political correspondent, what where do they go from here? >> republicans ultimately are going to give ground on tax rates, raise them for some portion of wealthy americans, somewhere eastern a miaround a year. two strong bets are the increase in the medicare eligibility ages fro
. >> reporter: speaker boehner's visit today with the president was only the second time since the election the two have meat face to face. pu publicly each have been waiting for the other to blinging m. >> to say they're go along with that and then we'll start negotiating on the other side. it makes no sense for us to negotiate against ourselves. >> reporter: as the cliff looms, one influential voice says enough is enough. >> that's like betting your country. that's...
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i think the question at the heart of t election that the rld waned the answer to. is the united states capable of serious course correction? and i think both on november the sixth and in the so-called fiscal clef, sokol negotiations that followed, we are telling th orld that the united states is not capable f serious course correcon, and that will have catastrophic consequence for america. lo when yousa catastrophic consequences, tonight it seems as if we are, this roadcast has been organized to prove your point. house ways and means committee in 1996 who was prsident at almost the destruction of the government under resident clinton and peaker gingrich. we have his xperience, also the experience as a member of th budget commission put together by presint clinton which came to nothin just as the simpson bles commission came to nothing. and as this fiscal clef being managed by his president does not look promising. >> that is reallythe point you brought up earlier. when you have european levelsof spending wich we now have come up you have traditional american tax ra
i think the question at the heart of t election that the rld waned the answer to. is the united states capable of serious course correction? and i think both on november the sixth and in the so-called fiscal clef, sokol negotiations that followed, we are telling th orld that the united states is not capable f serious course correcon, and that will have catastrophic consequence for america. lo when yousa catastrophic consequences, tonight it seems as if we are, this roadcast has been organized...
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that's right, on election day. up next, pro-democracy, protests turning increasingly violence in egypt. how long dii can -- how long can president morsi remain silent, and how long did president obama do nothing? we'll ask lou: this is just in. a senior u.s. official as telling fox news that serious military has mixed chemical weapons and apparently is ready to use them. the chemical weapon has assembled a deadly nerve gas. the syriaa military has about 60 days in which to use this until it expires. it will then need to be destroyed. joining us now is the "a-team." james toronto, mary anne marsh, bradley graham. thank u all for being here. the national debt to the fiscal cliff. what are your thoughts? >> i don't think it matters all that much. i agree with bill clinton's comment from the earlier segment. >> im agreeing with him as a matter of analysis. it doesn't appear that obama is aiming to do something big and constructive here. he is aiming for a victory on a small point of dispute. that is sort of the lowest
that's right, on election day. up next, pro-democracy, protests turning increasingly violence in egypt. how long dii can -- how long can president morsi remain silent, and how long did president obama do nothing? we'll ask lou: this is just in. a senior u.s. official as telling fox news that serious military has mixed chemical weapons and apparently is ready to use them. the chemical weapon has assembled a deadly nerve gas. the syriaa military has about 60 days in which to use this until it...
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i'm wondering whether it's democrats or liberals are over reading the election? i think it's safe to say there's a fair organization, -- fair argument, that raising taxes on the rich was a consequence of the election. all the other stuff is a leap. >> there's -- >> as far as what you leverage off. >> winning by a couple points does not turn into a mandate that everybody's behavior in how they consume energy sign up for changing that, increased energy prices, vehicles you can drive, that the behavior changes they need in theory of the causes of things. no one signed up for that because they -- few people signed up for that, a real lifestyle change which would be measurable, financially, and in your behavior, dramatic, very people, i think, vote for that, if that was something they had to do. i don't think we'll get anything serious like that because there's not a mandate for that. >> i mean, one of the things interesting about the speech, and i realize you were not able to watch it, and i understand why. neil: harvard people listen to that. >> the comments were in
i'm wondering whether it's democrats or liberals are over reading the election? i think it's safe to say there's a fair organization, -- fair argument, that raising taxes on the rich was a consequence of the election. all the other stuff is a leap. >> there's -- >> as far as what you leverage off. >> winning by a couple points does not turn into a mandate that everybody's behavior in how they consume energy sign up for changing that, increased energy prices, vehicles you can...
SFGTV2: San Francisco Government Television
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Dec 4, 2012
12/12
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. >> i am the president elect of the bar association. we're very proud to co-sponsor the justice of it. on behalf of the 8000 members, and all of those who -- dedicate their careers -- we are very fortunate to have his leadership with top-notch legal representation. for those who were charged each year who are innocent. an important part of the mission is providing equal access to justice. this is shared by his office and all the public defenders. we're proud of the conflict panel that he described, and we also provide the top-notch representation in matters that his office cannot handle. we applaud you for what you do and for those of you who could not make it, thank you very much. this year's public defender simon will be an interesting day, full of cutting edge issues. gang violence and brain science and crime, these are issues at the forefront and deserve all of our attention. this is a greatat>> your going p with me because i liked to wander around and see faces. you have learned more about me that a lot of people know. for the last
. >> i am the president elect of the bar association. we're very proud to co-sponsor the justice of it. on behalf of the 8000 members, and all of those who -- dedicate their careers -- we are very fortunate to have his leadership with top-notch legal representation. for those who were charged each year who are innocent. an important part of the mission is providing equal access to justice. this is shared by his office and all the public defenders. we're proud of the conflict panel that he...
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were involved in the election. the tea partiers and outsiders -- i would remind john boehner that there was a time when he was the outsider that was an annoyance to the party leadership. i understand the speaker being annoyed when he has people within his caucus that are committed to a set of principles that they make it hard for him to make easy deals. but i would also remind him that people are not going to forsake their principles for something that is as insignificant and their life as a committee assignment remark that is right. >> if he thinks this is a party discipline, he is sadly mistaken. he often knows that from his own experience as a younger time in his service in congress. charles: representative, it has been set from the beginning that the tea party not only poses an incredible threat to the senate democrats, but to establish republicans. now, representative john boehner opportunity to mitigate what they have in washington. >> well, i think what he is doing is looking at -- he is missing the point. t
were involved in the election. the tea partiers and outsiders -- i would remind john boehner that there was a time when he was the outsider that was an annoyance to the party leadership. i understand the speaker being annoyed when he has people within his caucus that are committed to a set of principles that they make it hard for him to make easy deals. but i would also remind him that people are not going to forsake their principles for something that is as insignificant and their life as a...
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neil: no, i think we have discussed this elections and i know we set againstaising taxes but,f that is the consequence of election for a presidt w campaigned hikin on the back of the rich, i don't like it but, to fold. >> this is a hypocrisy level, thee say this is the right thing too, but who gets crushed on the higher taxes? small businesses. i don't care what anyone said, presidentaid that 97% o small businesses do not get hit by this, that is if youount the guy int mows your lawn all by himself, and consultants, but those who are hiring -- >> i don blame the presint at all,o ram it down the people's throat. >> we need though -- -- >> myear is that wall stree acquiesce it kws we'll have far reaching problem. >>of course, like money managers all of a sudden, they e the king, they are self preservation is sad. neil: what are they afraid of? >> they want to keep their money, they want to be the mack daddy. we neehe cut and flash s.w.a.t. team,,cutting across the board. >> that is an interesting question, what are they afraid of. theresident has a good hand th do not believe- >> a good
neil: no, i think we have discussed this elections and i know we set againstaising taxes but,f that is the consequence of election for a presidt w campaigned hikin on the back of the rich, i don't like it but, to fold. >> this is a hypocrisy level, thee say this is the right thing too, but who gets crushed on the higher taxes? small businesses. i don't care what anyone said, presidentaid that 97% o small businesses do not get hit by this, that is if youount the guy int mows your lawn all...
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they say voters made it clear when he was elected. >> he is a democrat. former florida governor carlie fritz making it official after two years as an independent. he's seen as a candidate former challenger republican rick scott in 2014. we have a message for christ. bring it on. he was elected in 2006 but ran for senator after losing the republican primary to rubio. crist is a vocal supporter of president obama and even addressed the democratic national convention last summer. >>> a dallas cowboy player dead who started here on fox report. a teammate charged in his death. new details still unfolding at this hour. we will have an update for you on our sttop story. we have been reporting on the growing tension in egypt. it is one of our most important allies in that region and the stability is crucial to peace in the middle east. coming up ambassador john fulton joins us to weigh in on what is at stake there. one business owner display this is inflatable santa on his store's roof for years. now the town says santa has to come down. he's getting fined for ha
they say voters made it clear when he was elected. >> he is a democrat. former florida governor carlie fritz making it official after two years as an independent. he's seen as a candidate former challenger republican rick scott in 2014. we have a message for christ. bring it on. he was elected in 2006 but ran for senator after losing the republican primary to rubio. crist is a vocal supporter of president obama and even addressed the democratic national convention last summer....
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it is like the election never happen. we are still campaigning on the campaign trail. today in pennsylvania, talking about what needs to be done. shouldn't he be in the wite house hosting the negotiations himself instead of sending his foot soldier, timothy geithner, the fellow who put together the biggest bailout in american history? talking about someone who is going to be good at negotiating on our taxpayer dollars. i would think that timothy geithner s not the man we met i would agree with you. this is actually shocking. i'm going to say that the president won, no contest there. can we get past the campaigning? are really just shows a lack of seriousness. gerri: all right. i would like you to hear eric cantor today. everyone is reacting to the president's plan. here's what he had to say. remap when he won his reelection, we won our reelection. this is not a game. gerri: it was only a matter of time before somebody said rope a dope. you have to bring out all the hyperboles come all the saints. you know, i'm thinking that it's very possible. if you look at the media
it is like the election never happen. we are still campaigning on the campaign trail. today in pennsylvania, talking about what needs to be done. shouldn't he be in the wite house hosting the negotiations himself instead of sending his foot soldier, timothy geithner, the fellow who put together the biggest bailout in american history? talking about someone who is going to be good at negotiating on our taxpayer dollars. i would think that timothy geithner s not the man we met i would agree with...
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12/12
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for us political junkies, the election was like injecting heroin. this fiscal cliff debate is like drinking non-alcohol beer with elephant urine. it's just -- and that's why nobody knows about it. if we don't care about it, the average snow in the schmo in the street that jesse watters is going to interview he doesn't give a damn about it we have got to stop. put your hands up we lost. >> bill: it's so important. thanks very much. factor tip of the day. another web site where you might get some money. the tip 60 seconds away. this d capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am on the naughty list again? ho ho ho! a new way to save on your prescriptions. it's the aarp medicarerx saver plu
for us political junkies, the election was like injecting heroin. this fiscal cliff debate is like drinking non-alcohol beer with elephant urine. it's just -- and that's why nobody knows about it. if we don't care about it, the average snow in the schmo in the street that jesse watters is going to interview he doesn't give a damn about it we have got to stop. put your hands up we lost. >> bill: it's so important. thanks very much. factor tip of the day. another web site where you might...
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remember, before the election, questions about how it was counted. were the numbers accurates lots and lots of revisions. do you feel we can trust these numbers? >> yeah, i think we can trust the numbers. i think it would take a heroic conspiracy by people at the bureau of labor statistics are in the administrative branch nrd to cook the numbers. there's volatility, and revisions, but i don't think that's theeissue. the issue is the policies we're debating in the context of the fiscal cliff. gerri: it's interesting you say the impact of the fiscal cliff impacting manufacturing here. how do you see that? >> i mean, if it's going to impact manufacturing, but business generally. care about the manufacturing sector certainlily, but there's all sorts of activity, where it locates, and whether it's building, expanding, or contracting. manufacturing is just a piece of the overall pie. there's tons of other stuff. gerri: tons. jeff, you know, the federal reserve seems to uphold every trick in the book and made up more to get the economy going. they say they'
remember, before the election, questions about how it was counted. were the numbers accurates lots and lots of revisions. do you feel we can trust these numbers? >> yeah, i think we can trust the numbers. i think it would take a heroic conspiracy by people at the bureau of labor statistics are in the administrative branch nrd to cook the numbers. there's volatility, and revisions, but i don't think that's theeissue. the issue is the policies we're debating in the context of the fiscal...
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>> well, i think when we get st it is when we make sure that the elected officials know that the people they need are not the big public employee union leaders who constantly try to flex their muscle or the big corporation leaders. it is the people who sent them to represent them. and we get past this when elected officials sit down and start listening to the people who work in schools, the kids come in the other people in their district. they are just not doingthat. as a result, there is no question why we are seeing small business suffer and why we are, again, for the second year in a row, the sme of the country where he should be. >> earlier this week about the california -- real estate seem to be percolating, things were coming together. is that not so? >> it's not so. we represent around 20,000 members of small business here. 350,000 nationwide. across the nation, but the best content especially here in california. no hope or certainty. that optimism continues to plummet. so we are finding the mom-and-pop stores -- especially during the holiday season -- with a lack of will. it's a
>> well, i think when we get st it is when we make sure that the elected officials know that the people they need are not the big public employee union leaders who constantly try to flex their muscle or the big corporation leaders. it is the people who sent them to represent them. and we get past this when elected officials sit down and start listening to the people who work in schools, the kids come in the other people in their district. they are just not doingthat. as a result, there is...
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. >> after my election, i have more flexibility. >> i understand. i just need permission -- lou: a full report on the disturbing turn of events in syria and the likely price of russian cooperation on syria. another middle east dictator, egyptian leader, morsi, with a concession to the opponents inviting them to hold talks on the crisis. is that enough to appease proteste who plan larger demonstrations tomorrow? we'll be talking with fox news middle east expert while ferris in washington institute fellow eric trager, and president obama back on the campaig trail continuing to successfully dress up his ultimatum on higher taxes as a republican decision rather than his own declaration. his staff organized a sit-down wi a middle class family today in virginia claiming congress is to blame p they fail to yield to his ultimatum. why is the mainstream liberal media ignoring the reality it's the president's ultimatum driving us to the fiscal cliff? chris and senior writer for the weekly standard, steven hayes the guests here tonight. we begin with the dicta
. >> after my election, i have more flexibility. >> i understand. i just need permission -- lou: a full report on the disturbing turn of events in syria and the likely price of russian cooperation on syria. another middle east dictator, egyptian leader, morsi, with a concession to the opponents inviting them to hold talks on the crisis. is that enough to appease proteste who plan larger demonstrations tomorrow? we'll be talking with fox news middle east expert while ferris in...
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the president won the election and if it pushed over, blame the republicans? >> well, brenda, i think there will be a gimmick and that's unfortunately the way that washington works these days, larry had a phrase, he said meaningful spending difficulties. we know that there's not going to be any meaningful spending cuts, there's not going to be meaningful spending cuts three weeks from now, it's not going to be there three years from now. let's at least get over the psychological hurdle of the fiscal cliff. move on, and put some bandaid together and then hopefully, the next group in there, minus obama, starts to cure this four years from now, because nothing's goingo happen in the next four years good. but maybe we get through the fiscal cliff, but then another fiscal cliff comes, that's the whole point of this. >> in fact, and there was a proposal this week to try it get rid of the fiscal cliffs and no longer give congress full power to extend the debt. but i think, i'll tell you what, i'm kind of curious to see the other guys, i think we're going over the fis
the president won the election and if it pushed over, blame the republicans? >> well, brenda, i think there will be a gimmick and that's unfortunately the way that washington works these days, larry had a phrase, he said meaningful spending difficulties. we know that there's not going to be any meaningful spending cuts, there's not going to be meaningful spending cuts three weeks from now, it's not going to be there three years from now. let's at least get over the psychological hurdle of...
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they did exactly well in the october elections. they are in a prime position to exploited the crisis in the regime. i don't think maduro is a shoo-in necessarily. >> he added if he were to be elected president of venezuela he would be as every bit as bad as u.s. ever since chavez took over venezuela his country as taken on a steady anti-american tone. he developed friendships with some of the world's worst dictators. no now, at least publicly chavez appears to be up for the continuing battling with cancer telling his people, quote, with god's will we will come out of this victorious. i have faith in that. that is a quote from chavez. >> gregg: arthel nevil, thanks. >> heather: as we mentioned we have just learned that president obama and house speaker john boehner met today at the white house to talk about ways to resolve the fiscal cliff. meanwhile, we have brand-new reaction from lawmakers from both sides of the aisle speaking out today with just weeks left to reach a deal and little reported progress. the fight appears to be mov
they did exactly well in the october elections. they are in a prime position to exploited the crisis in the regime. i don't think maduro is a shoo-in necessarily. >> he added if he were to be elected president of venezuela he would be as every bit as bad as u.s. ever since chavez took over venezuela his country as taken on a steady anti-american tone. he developed friendships with some of the world's worst dictators. no now, at least publicly chavez appears to be up for the continuing...
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12/12
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it was the day after the election. we saw the dow drop 300 points and suddenly everyone woke up and said we have to face this cliff and the question is, can they really address these issues in the next 24 days with the president heading for vacation and congress about to go home? it doesn't feel good. >> no. in terms we're waiting to find out if we're going to go over the cliff, but we're already seeing the effects of it, aren't we? a lot of americans without jobs and just the fear of going over the cliff is affecting it because it's affecting hiring. >> without a doubt. you wonder if it's affecting big business or small business. corporate ceos are simply sitting on their hands. you are seeing u.s. corporations with more money on their balance sheet than they had in years. the fact that they're facing more health care costs to pay out to their employees and they don't know what the tax climate is going to look for them. they're not growing their business and they're not creating innovation. it improves what they're do
it was the day after the election. we saw the dow drop 300 points and suddenly everyone woke up and said we have to face this cliff and the question is, can they really address these issues in the next 24 days with the president heading for vacation and congress about to go home? it doesn't feel good. >> no. in terms we're waiting to find out if we're going to go over the cliff, but we're already seeing the effects of it, aren't we? a lot of americans without jobs and just the fear of...
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imagine the first democratically elected president it egypt, who happened tt be muslim brotherhood and forced out that demonstrated against him are more liberal. middle society, women, labor and minorities. that is indicative morsi is not representative of the consensus that we thought he would represent and that is the crisis that will be on for a long period of time. melissa: as we watch all these pictures go by and we know how some people feel about the west and america and especially morsi, we considered the idea we're sending $1.6 billion in aid to egypt every year. now europe is calling on the u.s. to stop that. what do you think about that? what is our best move at this point? >> well, let's remember that those 1.6 more or less billion dollars that we've been sending to the egyptian government, to mubarak for last 30 years or so, were sent for egypt to protect the peace with israel. to make sure the suez canal is always open for international trade and maintain security and friendship with the united states. now that morsi and the muslim brotherhood and salafists allies have for
imagine the first democratically elected president it egypt, who happened tt be muslim brotherhood and forced out that demonstrated against him are more liberal. middle society, women, labor and minorities. that is indicative morsi is not representative of the consensus that we thought he would represent and that is the crisis that will be on for a long period of time. melissa: as we watch all these pictures go by and we know how some people feel about the west and america and especially morsi,...
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and before the election, unformer. two admistrations that did that. everyone wts a bailout and the president's going to get your votes one way or the other. question is coming up more broadly, right now new jersey and an other of states getting a huge one because it s a cast catastrophe. >> and if it's beyond your control and-- >> the case is we voted for you, we get a bailout. >> and on the other side, detroit is in a multi-decade collapse that is beyond the scope, it's almost lik a hurricane. and i'm not saying it's totally insane for nem to get a disproportionate amount-- >> gary b, you le in maryland, should you and maryland be paying for what detroit or michigan is deciding to do with unions and pensns and how they got themselves in this mess in the first place? >> exactly, brenda. i kind of agree with jonas. i'm not sure i'd be so quick bail out cities with national catastrophes. they decided to live there and build there. but jonas it right, a lot of cities like detroit are avily unionized. they invested heavily in these gold-plated cadillac-li
and before the election, unformer. two admistrations that did that. everyone wts a bailout and the president's going to get your votes one way or the other. question is coming up more broadly, right now new jersey and an other of states getting a huge one because it s a cast catastrophe. >> and if it's beyond your control and-- >> the case is we voted for you, we get a bailout. >> and on the other side, detroit is in a multi-decade collapse that is beyond the scope, it's...
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elections have consequences. at that right now. lou: i think we all agree about conseqnces. certainly. your thoughts on this? does it look to you right now like we are going to avoid this fiscal cliff? the president, but the brilliant idea? it's interesting how he does this. he initiates an ultmatum and the goes passive aggressive on everyone and withdraws from the field. it's really a bizarre and intriguing strategy which obviously has completely confounded republican leaders. >> yes, and the polls show that the american people are prud and -- probably going to blend republicans now matter what happen. lou: slightly. >> therefore i think that is what you're seeing with president obama'sttitude here. lou: does irritate you to think that they are going to blame the republicans denied republicans are basical saying, you know, we are going to step back because you're going to blame us instead of coming up with a answer, a rejoinder to the president's going after them. and they don't have a strategy. they don't have a message. they don't want anybody to think bay of them. >> he
elections have consequences. at that right now. lou: i think we all agree about conseqnces. certainly. your thoughts on this? does it look to you right now like we are going to avoid this fiscal cliff? the president, but the brilliant idea? it's interesting how he does this. he initiates an ultmatum and the goes passive aggressive on everyone and withdraws from the field. it's really a bizarre and intriguing strategy which obviously has completely confounded republican leaders. >> yes,...
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. >> elections have consequences. the president campaigned, made it very clear. made very clear that he was supporting ta cuts for the middle-class, that he wanted the expiration of the tax cuts for the high end. >> very little progress among the inside player so far, the president plans to keep pressuring republicans from the outside. meeting with the nation's governors on tuesday and then addressing the business roundtable on wednesday. lou: thank you. ed henry, fox news chief white house correspondent. joining me now, a pulitzer prize-winning journalist, campaign strategists, former reagan political director of, veteraran democratic campaign strategists. we thank you all for being here. let's turn, if i may, to you. this is an impasse, a stal i'm going to be the one who raises taxes, but you're going to be the ones tocut medicare. if you want cuts in entitlements, but the mob. i'm not going to do both for you. lou: here is a thought. that is, the obama white house has made a rare mistake, miscalculation. they have incentivized republicans to say, you know, the
. >> elections have consequences. the president campaigned, made it very clear. made very clear that he was supporting ta cuts for the middle-class, that he wanted the expiration of the tax cuts for the high end. >> very little progress among the inside player so far, the president plans to keep pressuring republicans from the outside. meeting with the nation's governors on tuesday and then addressing the business roundtable on wednesday. lou: thank you. ed henry, fox news chief...
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yes, there is short-term pain come 2014, midterm's election the president's economy. the president gets responsibility for what happens after the cliff drops. wouldn't that be the political move to make if you're john boehner? >> we really have no choice. president is in the driver's seat and boehner is hostage in the back seat with the president with his foot on the gas. nothing the speaker can do, other than perhaps, i think it would be politically wise for the house to pass a bill with the majority now. put it back in the president's court. there is really not much, house can do against the senate and white house to get anything accomplished. adam: so you think we go off the cliff. do you think there would be any signs in the next week or two that that's an incorrect prediction? they're talking right now, not politely, not pleasantly, but not getting anything done but the lines of communication are open. >> look, if we're in a crisis and i believe we are, why isn't the president showing leadership and having leaders down to the white house, burning midnight oil ins
yes, there is short-term pain come 2014, midterm's election the president's economy. the president gets responsibility for what happens after the cliff drops. wouldn't that be the political move to make if you're john boehner? >> we really have no choice. president is in the driver's seat and boehner is hostage in the back seat with the president with his foot on the gas. nothing the speaker can do, other than perhaps, i think it would be politically wise for the house to pass a bill with...
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and as a partisan elect the official in senate, there are things that i can do. but i can do more to take that positive message around the country and build coalitions with governors and organization, to prove to people to show them, that these ideas of make their lives better. i don't think that we've done a good enough job of doing that, this is an urgent time, i feel we can't wait another few years, i first intended to make politics my career, i have limit my term, this is just a good opportunity to elevate my gain. neil: did this is anything to do with you becoming a skunk at your own party's picnic, a lot of tea party's frustrated on what appears to be a hatchetting of tea party types in the house that tapper tarp that brought, -- tea party that brought your party to majority in the house. >> sense -- the senate is different, now i'm in senate with pat tumi and marco rubio, and soon to be ted cruz. neil: you are in a bigger minority now. you are not feeding the beast i'm throwing at you. there is a riff, that everyone is, you saw this page, that everyone is
and as a partisan elect the official in senate, there are things that i can do. but i can do more to take that positive message around the country and build coalitions with governors and organization, to prove to people to show them, that these ideas of make their lives better. i don't think that we've done a good enough job of doing that, this is an urgent time, i feel we can't wait another few years, i first intended to make politics my career, i have limit my term, this is just a good...
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and george bush lost re-election. since then the party's been committed to never compromising on the tax issue, no matter the deficit. no congressional republican has voted for an increase in taxes since 1990. think about it. for nearly a quarter of a century, no new income taxes. in the current congress, 236 house republicans vowed never to raise taxes. 40 gop senators also kept that pledge. even president george w. bush, the man who got us into two wars we didn't pay for. the president who exploded our deficit. he insisted the solution to our problems were more tax cuts. president clinton handed him a $236 billion surplus. a surplus. and left office with a $1.2 trillion deficit. but he just had to keep those tax cuts coming, but something remarkable may be happening in our politics. we're on the verge of something big. after decades of silliness, this lock-step republican fantasy that has hurt our country, president obama is close to breaking the gop tax unity. >> unfortunately, the speaker's proposal right now is s
and george bush lost re-election. since then the party's been committed to never compromising on the tax issue, no matter the deficit. no congressional republican has voted for an increase in taxes since 1990. think about it. for nearly a quarter of a century, no new income taxes. in the current congress, 236 house republicans vowed never to raise taxes. 40 gop senators also kept that pledge. even president george w. bush, the man who got us into two wars we didn't pay for. the president who...
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march and at the same time, we decided it was a good time and i will tell you again why, because of tax elections that we accelerated or prepaid eight set the dividend that would have been due for all of 2013 and 2014. we prepaid to q4 of 2012. we estimate that those other eight dividends that would be due in 2012, 2013, 2014 would be about a dollar. we will prepaid this year. the motivation for that was very clear. we have always believed in sharing our success with our shareholders. we have been giving dividends since 2003. liz: let's explain what you do for people that do not know. you make our code readers, you have vision sensors. you are pushing forward about $4300 to shareholders. do you worry, bob, that there is a deal that has eventually struck before december 301 and that you are stuck for two years without dividends are what you then start paying more dividends? >> i would not see it as being stock. [talking over each other] >> they would rather have cash now. let us say that the tax rate does not change, nobody is going to complain about getting their dividend $1.112 years earlier tha
march and at the same time, we decided it was a good time and i will tell you again why, because of tax elections that we accelerated or prepaid eight set the dividend that would have been due for all of 2013 and 2014. we prepaid to q4 of 2012. we estimate that those other eight dividends that would be due in 2012, 2013, 2014 would be about a dollar. we will prepaid this year. the motivation for that was very clear. we have always believed in sharing our success with our shareholders. we have...
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nothing's changed post-election as opposed to pre-election. the, uncertainty of the tax situation, the fiscal cliff that everyone is tired of hearing about frankly. the overburdensome regulatory environment that we're in is depressing growth, particularly for small business. and i think that's a primary distinction here as we talk about business itself because all business is not created equal. and the president's jobs council who has some wonderful folks, some friends of mind on it, wholly inefficient in my view because there is no representation from small business on that jobs council. melissa: catherine, let me ask you, what i look what happened with the case in darden, it seems like what happened to a bunch of different companies, my take at the end of the day, for sure they're not going to hire anyone and that's what we need more than anything right now. >> you're exactly right. what we need are jobs, jobs, jobs. there is so much uncertainty out there right now with what will happen with taxes. we still don't know the full impacts of oba
nothing's changed post-election as opposed to pre-election. the, uncertainty of the tax situation, the fiscal cliff that everyone is tired of hearing about frankly. the overburdensome regulatory environment that we're in is depressing growth, particularly for small business. and i think that's a primary distinction here as we talk about business itself because all business is not created equal. and the president's jobs council who has some wonderful folks, some friends of mind on it, wholly...
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dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you thought of retiring massachusetts congressman -- congressman barney frank was stepping out of the limelight, no way. the boston globe reporting the 72-year-old democratic congressman who is set to retire in january hired the bi shot hollywood agency william morris to represent him in the next phase of his career. william morris is run by r.e.m. manuel, the brother of chicago mayor and the inspiration for the character ari goldman the
dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you thought of retiring massachusetts congressman -- congressman barney frank was stepping out of the limelight, no way. the boston globe reporting the 72-year-old democratic congressman who is set to retire in january hired the bi shot hollywood agency william morris to represent him in...
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Dec 6, 2012
12/12
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because you elect you. you elect scott. now they did elect liberal senator there and they're all over the place. i just don't know why florida, virginia, ohio, colorado -- colorado, i kind of know. why the republican message didn't resonate. i don't understand why the republican message did not resonate in those states. >> well, i can't speak to those other states in detail but i can tell you about florida that there is a tremendous amount of anxiety from people that feel like they are never going to make it to the middle class. they are never going to move ahead in life and leave their children better off. our challenge for those of us like me who believe and know that limited government is the right way forward and that the free enterprise system is the only solution of doing a job of communicating that taking our principles and applying it to their hopes and dreams. our take on this is spret were straightforward. it's not by making rich people poorer it's by making poor people richer. that's what our government is all ab
because you elect you. you elect scott. now they did elect liberal senator there and they're all over the place. i just don't know why florida, virginia, ohio, colorado -- colorado, i kind of know. why the republican message didn't resonate. i don't understand why the republican message did not resonate in those states. >> well, i can't speak to those other states in detail but i can tell you about florida that there is a tremendous amount of anxiety from people that feel like they are...
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12/12
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i listen to speaker boehner say the day after the election, revenue is on the table. the american people want to compromise and make washington work. he said it again and put out a specific offer. all we have heard from the president is hard-line was no negotiation on the tax side and not one word about the entitlement reforms that wou have to match that for this plan to make any sense. and it is that absence of lead on the spending side and unwillingness to make compromises that will actually get deals done and have washington auction again that i think our marks against this lame-duck session. lou: you have projected, the action form has projected 10 million prospect of possibly 10 million people losing jobs, 10 percent unemployment. a 4% reduction in gdp if we go over that cliff. correct? >> that is absolutely right. i mean, this is a big tax increase. it's a big spending cut. more importantly, ifou look at the debt ceiling debate, we saw a sharp drop in consumer confidence and we saw that today in the december number. a sharp drop in consumer confidence, and you a
i listen to speaker boehner say the day after the election, revenue is on the table. the american people want to compromise and make washington work. he said it again and put out a specific offer. all we have heard from the president is hard-line was no negotiation on the tax side and not one word about the entitlement reforms that wou have to match that for this plan to make any sense. and it is that absence of lead on the spending side and unwillingness to make compromises that will actually...
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the controversial president morsi was the leaders of that group before he resigned after winning the election. two weeks ago, the new president made himself a dictator, giving himself absolute power and tensions is been on the rise ever since. hours ago president morsi asking protesters out his palace to "cool it." give a chance to new talks aimed at stemming backlash over his controversial power grab. so far the call for calm has gone nowhere. you can see the protesters tearing down the tents throwing rocks and fire bombs at each other and yesterday opponents stormed the palace grounds. the president's backers in the muslim brotherhood showed up in force and ready for a fight. this began when egypt's new president essentially maim himself a stickator, with the protesters demanding he give up those near absolute powers. and steve harrigan is live for us in cairo. steve, these are the biggest crowds we have seen yet. >>reporter: the largest crowds and the most violent. it has calmed down in the last hour at 10:00 p.m. in egypt but the worst clashes in two weeks of protests here. it wasn't poli
the controversial president morsi was the leaders of that group before he resigned after winning the election. two weeks ago, the new president made himself a dictator, giving himself absolute power and tensions is been on the rise ever since. hours ago president morsi asking protesters out his palace to "cool it." give a chance to new talks aimed at stemming backlash over his controversial power grab. so far the call for calm has gone nowhere. you can see the protesters tearing down...
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the second thing is the uncertainty of the election which held back business investment. for quarter definitely will be weak but the next year i think 2.5 to 3% growth. >> thank you. dave: one of the smartest people in america, no doubt. thank you, good to see you. the clock is ticking away to major tax hikes for everybody. john boehner saying there is no progress to report. so what is going on inside the beltway? we will head there to try to find out. brian led that tells us how the new 60-40 portfolio should look. [ woman ] ring. ring. progresso. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... onyour head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. . . . .. david: come january 1st, no matter which tax plan is put in place the federal government will still spend trillions of dollars each year. lauren: we talked taxes. now let's former cbo director says these cuts fail to control the greatest deficit challenge, federal health care spe
the second thing is the uncertainty of the election which held back business investment. for quarter definitely will be weak but the next year i think 2.5 to 3% growth. >> thank you. dave: one of the smartest people in america, no doubt. thank you, good to see you. the clock is ticking away to major tax hikes for everybody. john boehner saying there is no progress to report. so what is going on inside the beltway? we will head there to try to find out. brian led that tells us how the new...
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are people overwhelmingly supported him in the election. not just at, buthy not? gerri: quid pro quo, bring home the bacon. very controversial. we are going to have one out in just a moment. but first, it could be a day of reckoning lawmakers in michigan considering changing the status to a right to work state, giving workers the freedom to opt out of paying union dues. we have the abor policy director for the mackic center for labor policy. tell me what it is you're trying to do wi this legislation. >> there are rumors that michigan can become the 24th rights work state in the nation. he gives workers the ability to choose whether or not to pay a union and without rights or protections, they can actually get the worker fired in aunion if they choose not to gerri: i understand there are some five groups of unions to protest what you're trying to do. at you make of that? >> they are protesting what they think may be an imminent right to work bill introduced in michigan's capital in lansing. gerri:ets get what we always talk about on the show. that is the money. wha
are people overwhelmingly supported him in the election. not just at, buthy not? gerri: quid pro quo, bring home the bacon. very controversial. we are going to have one out in just a moment. but first, it could be a day of reckoning lawmakers in michigan considering changing the status to a right to work state, giving workers the freedom to opt out of paying union dues. we have the abor policy director for the mackic center for labor policy. tell me what it is you're trying to do wi this...